Question: For construction, SME's may also use parametric cost estimates, which are similar to analogous estimates, but utilize scalable cost parameters based on experience in projects

For construction, SME's may also use parametric cost estimates, which are similar to analogous estimates, but utilize scalable cost parameters based on experience in projects in a given industry, for instance cost per square foot or cost per unit of output.

How have you seen SME's utilized in projects in your organizations?

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In my experience small and mediumsized enterprises SMEs have been utilized in various ways within projects in organizations Here are some common ways ... View full answer

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